Land O'Lakes prepays $118 million of term debt in 1Q05

By Sara Rosenberg

New York, April 26 - Land O'Lakes Inc. prepaid $118 million of term loan debt during the first quarter, according to a company news release.

The company's long-term debt-to-capital ratio improved to 48.1% at the end of the quarter, compared to 49.1% a year ago.

Land O'Lakes is an Arden Hills, Minn., farmer-owned food and agricultural cooperative.

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